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"Throughout the ages, many things have been used as currency: livestock, grains, spices, shells, beads, and now paper. But only two things have ever been money: gold and silver. When paper money becomes too abundant, and thus loses its value, man always turns back to precious metals. During these times there is always an enormous wealth transfer, and it is within your power to transfer that wealth away from you or toward you." --Michael Maloney, precious metals investment expert and historian; founder and principal, Gold & Silver, Inc.

The Advanced Guide to Investing Gold and Silver tells readers:

The essential history of economic cycles that make gold and silver the ultimate monetary standard.

How the U.S. government is driving inflation by diluting our money supply and weakening our purchasing power

Why precious metals are one of the most profitable, easiest, and safest investments you can make

Where, when, and how to invest your money and realize maximum returns, no matter what the economy's state

Essential advice on avoiding the middleman and taking control of your financial destiny by making your investments directly.

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Editorial Reviews

About the Author

Michael Maloney is a precious metals investment expert and historian and the founder and principal of Gold & Silver, Inc. He serves as an advisor on Robert Kiyosaki's Rich Dad team and speaks frequently on commodities investing.

More About the Author

Mike Maloney is the author of Guide to Investing in Gold and Silver, part of Robert Kiyosaki's"Rich Dad's Advisors" series of books.

Mike is the precious metals investment advisor to Robert Kiyosaki, author of the most successful financial book in history, Rich Dad, Poor Dad. Their partnership began in 2005, and since then they have been educating the public on the merits of precious metals investing as a means to wealth generation.

Since 2002, Mike has specialized in education on monetary history, economics, and financial literacy. He is widely regarded as an expert on economic cycles and has demonstrated to audiences throughout the United States that economic cycles are real, and that investing correctly for each phase of the economic cycle is a road to true wealth.

Mike is the owner and founder of GoldSilver.com, an online precious metals dealership that specializes in delivery of gold and silver to a customer's doorstep, arranges for special secured storage, or for placement in one's IRA account. Additionally, GoldSilver.com provides invaluable research and commentary for its clients, assisting them in their wealth-building endeavors.

Most Helpful Customer Reviews

Mike has made a compelling case that sooner, rather than later, the US Dollar is going to tank and everyone will be running to gold and silver to protect their wealth. The good news is that NOW is the time to get in on both silver and gold- before the HERD of people start rushing in. Mike states that this opportunity coming could be the best investment in history.The book starts off with the history of other empires that have used a fiat currency and how they have failed 100% of the time. The United States has been on this path since Aug, 1971 when President Nixon took us off the gold standard. There are a lot of interesting facts in this book but not too many to bore the reader. He explains that gold and silver will revalue themselves periodically in relation to the amount of paper currency printed. For example, the M3 money supply (total printed money in circulation) was ~$1.7 billion in January, 1980 when gold hit $850 an ounce. Today, the M3 is estimated at $14 trillion, a 7.7 times increase in the amount of currency. With that said, gold, when it adjusts, should be $6,118.00 an ounce...Mike goes into today's current economic climate, then predictions for "tomorrow". He concludes with the final section "How to Invest in Precious Metals".I recommend this book if you are unsure about silver and gold relating to investing. There's so much documentation and research behind it.

I've never read an investment book with this much passion put into it!!!

I listened to this as an audiobook because I am considering investing in precious metals and wanted to learn how to do it. This provides a lot of helpful "how to" information (including on a lot of the stuff that I had questions about, like where and how to store your precious metals once you have them) and some excellent advice on common pitfalls (example: those magazine offers that seem to show up all the time are usually a bad deal).

The "why" part of the book was a lot more mixed. While a lot of it is generally sound, some of it is really misleading. For example, in places he seems to imply that gold and silver always go up (they don't) and carry virtually no risk (actually, they can be really volatile).

There are a few significant points he doesn't cover. (As a quick caveat, the audiobook is abridged, so maybe a few of the things omitted in the audiobook were addressed in the full book; also, I will sometimes use "inflation" to mean "an increase in general prices" even though I know this isn't strictly accurate).

One of the most glaring omissions is a treatment of the actual price history of gold and silver. Specifically, if gold and silver are always such a reliable hedge against inflation, why is the correlation between inflation and the price of gold so unpredictable? Yeah, yeah, I've heard all the arguments about how the CPI is rigged (in fact, the author argues that in this book), and it probably is. But that still doesn't solve the problem. Consider:1.Read more ›

I became interested in precious metals and economics about a year ago and have been reading and watching everything I could get my hands on. After a while you begin to see that there is a lot of common ground shared between most of the material out there and being new to the "Rich Dad" stuff I wasn't sure what to expect from Mike Maloney (though I did like the series of interviews he did with industry analysis professionals). I was very impressed with the amount of original research and information I found in this book - it covers all the bases from the historical trends and cycles, to the fundamentals of economics and everything in between. Of all the books I've read on the subject this year (about 10 so far) this is by far the best overall coverage and was the most fun to read.

If you don't know why gold and silver are a good investment "Guide to Investing in Gold and Silver" will tell you why they are. Simple to read full of facts about money and currency and history of money and currency. It breaks down complicated economics into fun easy reading. This book gives you the do's and don'ts of investing in precious metals and a clear understanding of why now is the time to invest in gold and silver. If you want to protect your wealth from inflation or build your wealth through gold and silver this book is a must read. A great addition to the Rich Dad library of books!

I was already convinced that owning gold and silver was a good investment but had heard from an internet source that this was a good guide to investing in metals, and saw that (at the time) ALL the reviews here were high praise.

The book is called "Guide to Investing in Gold and Silver" but Maloney spends the first 154 pages of a 202 page book making a historical case for the strength of gold and silver vs currency and other investments. (Title page - pg 155: Part 4 - How to invest in precious metals)

The final Chapter, 7 pages, returns to the history of metals investing and the opportunities it gives in todays economic climate.

In the end, there are just 40 pages of actual investing advice (what to buy, where, pit-falls etc).

Maloney's research is exhausting and initially I found it interesting but at the end of each chapter I'd turn the page hoping to finally get to the "guide to investing", only to find yet another chapter of history, charts and graphs.

In my opinion, this is a book only for those not already convinced about buying metals...or for those who are but also really want a detailed history to go with a brief guide.